As blockchain technology continues its surge to mainstream acceptance, a new report predicts a market capitalization spike for the Blockchain-as-a-Service market to new highs.
According to the report by Stellar Market Research, the sector is expected to reach a market capitalization of $71.3 billion before the end of 2030. Currently valued at around the $8 billion mark, the report projects a compound annual growth rate of 37% before the end of the decade.
Blockchain-as-a-Service (BaaS) are cloud-based solutions designed to smoothen the curve for enterprises keen on integrating blockchain into their existing operations. These tailor-made services allow users to manage and monitor blockchain applications without the downside of steep infrastructure costs and complex technical requirements.
The ambitious projections for the sector are driven by a slew of factors, with the supply chain industrypredicted to drive up numbers. Swathes of supply chain service providers are turning to blockchain in droves, driven by the need to …